Janney Montgomery Scott LLC Sells 2,879 Shares of Hasbro, Inc. (NASDAQ:HAS)

Janney Montgomery Scott LLC reduced its position in Hasbro, Inc. (NASDAQ:HAS) by 11.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,723 shares of the company’s stock after selling 2,879 shares during the period. Janney Montgomery Scott LLC’s holdings in Hasbro were worth $1,270,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. grew its stake in shares of Hasbro by 224.8% during the third quarter. Blue Trust Inc. now owns 432 shares of the company’s stock worth $31,000 after acquiring an additional 299 shares during the last quarter. True Wealth Design LLC acquired a new stake in Hasbro in the 3rd quarter worth approximately $31,000. Itau Unibanco Holding S.A. purchased a new stake in Hasbro during the 3rd quarter worth approximately $40,000. Wilmington Savings Fund Society FSB acquired a new position in Hasbro during the 3rd quarter valued at approximately $45,000. Finally, Ashton Thomas Securities LLC purchased a new position in shares of Hasbro in the third quarter worth $49,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.

Insiders Place Their Bets

In other Hasbro news, EVP Matthew Edward Austin sold 1,718 shares of Hasbro stock in a transaction dated Friday, November 29th. The shares were sold at an average price of $65.06, for a total transaction of $111,773.08. Following the transaction, the executive vice president now directly owns 36,828 shares of the company’s stock, valued at $2,396,029.68. The trade was a 4.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.82% of the company’s stock.

Hasbro Stock Performance

HAS opened at $57.15 on Wednesday. Hasbro, Inc. has a twelve month low of $46.09 and a twelve month high of $73.46. The firm has a market capitalization of $7.97 billion, a PE ratio of -12.32, a PEG ratio of 0.50 and a beta of 0.64. The company has a current ratio of 1.47, a quick ratio of 1.29 and a debt-to-equity ratio of 2.64. The firm’s 50-day moving average price is $59.48 and its 200 day moving average price is $64.35.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on HAS. DA Davidson boosted their price objective on shares of Hasbro from $59.00 to $73.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Morgan Stanley boosted their price target on Hasbro from $80.00 to $92.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Stifel Nicolaus reduced their price objective on Hasbro from $82.00 to $77.00 and set a “buy” rating for the company in a research note on Friday, January 3rd. Bank of America upped their target price on Hasbro from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, October 15th. Finally, JPMorgan Chase & Co. raised their price target on shares of Hasbro from $76.00 to $82.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Hasbro presently has an average rating of “Moderate Buy” and an average target price of $80.11.

Hasbro Company Profile

Hasbro, Inc, together with its subsidiaries, operates as a toy and game company in the United States, Europe, Canada, Mexico, Latin America, Australia, China, and Hong Kong. The company operates through Consumer Products; Wizards of the Coast and Digital Gaming; Entertainment; and Corporate and Other segments.